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EU to Launch SME Network with Taiwan: EU Envoy

Source: Taiwantrade | Updated: 07 December 2012

Frederic Laplanche, head of the European Economic and Trade Office (EETO), said the EU will begin next year to receive bids from Taiwanese companies and organizations interested in running the international network in cooperation with European SMEs.

 

"The idea is trying to match better the SMEs in Europe and here in Taiwan," Laplanche said at the EETO's year-end media gathering.

 

Details, however, have not yet been decided because the EU has not yet launched its proposal for the network, he added.

 

Laplanche said SMEs forms a very important part of Europe's economy as the region has roughly 27 million of them. He noted that the SME sector plays a similar role in Taiwan.

 

The EU is currently Taiwan's fourth largest trading partner, after China, Japan, and the United States, said Taiwan External Trade Development Council, Taiwan's top trade promoter.

 

Taiwan's annual trade with the EU rose 8.1 percent last year to over US$52.5 billion, accounting for about 8.9 percent of Taiwan's total external trade, the council said.

 

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